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    Fundamental Accounting Principles Study Set 1
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    Exam 1: Accounting in Business
  5. Question
    Ending Capital Reported on the Statement of Owner's Equity Is
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Ending Capital Reported on the Statement of Owner's Equity Is

Question 229

Question 229

True/False

Ending capital reported on the statement of owner's equity is calculated by adding owner investments and net losses and subtracting net income and withdrawals.

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